Latest Trade finance News: Finextra Research

Fasset launches OS for ethical blockchain financing

Fasset, a UK-headquartered fintech company, has launched the world’s first comprehensive operating system dedicated to the ethical financing of sustainable infrastructure on the Ethereum blockchain.

28 July 2020

Company update/cloud

Finastra releases new app on cloud platform

Finastra today announced a new app available on its FusionFabric.cloud open development platform, Conpend TRADE AI.

28 July 2020

Company update/Trade finance

DBS to provide digital trade financing for Infor members

Infor, a global leader in business cloud software specialised by industry, today announced that it is partnering with DBS Bank, Southeast Asia’s largest bank, to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses.

22 July 2020

News/wholesale

SMBC joins Contour and Komgo as Covid-19 propels digital trade

Sumitomo Mitsui Bank Corporation SMBC is stepping up its involvement in blockchain-based trade finance networks, joining Singapore-based Contour and Swiss platform Komgo.

21 July 2020

Company update/wholesale

Surecomp opens registration for hackathon

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the opening of its annual global hackathon event.

16 July 2020

Company update/wholesale

Contour and DBS support LoC transaction between Nanjing Iron & Steel and Rio Tinto on blockchain

Contour, together with member bank, DBS Bank, continue to push the digitalisation of trade finance with the completion of the network’s first fully digital end-to-end secured Letter of Credit (LC) between Nanjing Iron & Steel, Singapore Jinteng International and Hope Downs Marketing Company (an equal Joint Venture between Rio Tinto and Hancock Prospecting).

15 July 2020

Company update/wholesale

EssDOCS’ CargoDocs DocEx to be available within Finacle Trade Connect blockchain

essDOCS, the leading enabler of paperless trade, today announced a partnership with Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY), for driving automation in Trade finance processes though Distributed Ledger Technology (DLT).

08 July 2020

Company update/payments

Surecomp unveils trade finance-as-a-service

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its Trade Finance-as-a-Service (TFaaS) suite comprising back-office trade finance management and processing, front-office for banks’ corporate clients, open API connectivity and full access to its Marketplace.

01 July 2020

News/sustainable

Deutsche Bank spinoff IMP+ACT Alliance launches digital ESG fund transparency tool

IMP+ACT Alliance today launched the IMP+ACT Classification System (ICS), which will allow asset managers to self-report how they classify, measure and manage ESG impact, serving financial risk mitigation strategies and advancing global goals such as the UN’s Sustainable Development Goals (SDGs).

24 June 2020

Company update/wholesale

Contour partners essDOCS

Contour, the Singapore-based open trade finance network, today announced its partnership with essDOCS, the leading enabler of paperless trade.

23 June 2020

Company update/wholesale

Surecomp releases Fastrade for SMEs

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its new front-office solution Fastrade, designed specifically for small-to-medium sized enterprises (SMEs).

18 June 2020

Company update/devops

Surecomp launches Fintech marketplace

Surecomp, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its new fintech Marketplace.

10 June 2020

News/wholesale

İşbank and Commerzbank carry out Marco Polo transaction

Commerzbank and İşbank have run an international trade finance transaction on the Marco Polo blockchain network.

08 June 2020

News/covid-19

Barclays invests in trade finance scale-up

UK high street bank Barclays has become the highest profile investor so far in Stenn, a UK-based online trade finance provider.

03 June 2020

Company update/wholesale

IntellectEU to act as communications layer for Contour blockchain network

Contour, the Singapore-based open trade finance network, has today announced its partnership with IntellectEU as part of a shared vision to digitise trade finance on a global scale.

28 May 2020

Company update/wholesale

Cargill Australia uses Bolero Galileo to speed up China canola oil transaction

Cargill Australia, a major provider of grain, oilseeds and other agricultural commodities, used the advanced functionality and speed of the new Bolero International Galileo trade finance platform to accelerate a canola oil shipment to China, meeting a tight deadline despite the current coronavirus difficulties.

22 May 2020

Company update/wholesale

China Systems creates Trade Digitalisation Services (TDS) unit

In response to current market needs and the rapidly evolving global trade landscape, China Systems, world-leading trade solutions vendor, has created a specialised Trade Digitalisation Services (TDS) Unit, which is composed of experts who have deep technical, project and business domain knowledge on International Trade operations.

22 May 2020

News/retail

Fintech is an opportunity, not a threat - Hong Kong's banks

As they face up to competition from a slew of new 'virtual banks', Hong Kong's traditional lenders are broadly optimistic about their future in the fintech era.

22 May 2020